Long USD around 112.96 towards 117.01 | 10 May 2017
10 May 2017, USD/JPY
Technical Observation
USD is yet to retrace back to the resistance line 112.96. I expect a rally towards this line to buy USD towards 117. On the 4 Hour chart above, sell positions seems to be ideal but only up to 112.96, but on the daily chart, there's still momentum to the upperside. My advice, either wait for a retracement towards 112.96 to long USD or short USD now towards 112.96.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .